U.S. President Joe Biden is expected to address the crisis around 12:30 p.m. ET, according to a White House official
Leaders from Group of Seven nations spoke by phone as countries grapple with how to respond to Russian President Vladimir Putin’s invasion of Ukraine, which has seen military forces go in from the north, east and south accompanied by missile and artillery fire. The European Union, U.S. and U.K. promised more sanctions they said would hit Russia’s economy and financial sector hard.
The government in Kyiv declared martial law and pleaded for international support including harsher sanctions, with President Volodymyr Zelenskiy calling on citizens to take up arms. A senior Russian lawmaker said Moscow aims to ensure a pro-Moscow government, pushing out U.S. influence. Russian military vehicles are now in the northern region that includes the capital.
The war has upended markets, with the ruble and Russian stocks sinking while oil and gold soared. European gas prices surged as the attacks put fuel supplies in Europe -- already in the midst of an energy crunch -- at further risk. Commodity exports from Ukraine, one of the world’s most important grain suppliers, were thrown into chaos.
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